Flare

Flare and its native token (FLR) are a Layer 1 blockchain network fully compatible with the Ethereum Virtual Machine (EVM). It was designed and engineered to enable strong interoperability between different blockchain networks, and Flare aims to address a fundamental challenge faced by blockchain users: the limited ability to integrate tokens from blockchains that lack smart contract support into smart contracts on Flare. This is where the Flare network’s advantage comes into play. The network’s primary goal is to provide developers with reliable access to a wide range of data, enabling them to create diverse applications across various sectors such as decentralized finance (DeFi), gaming, non-fungible tokens (NFTs), music, and social media.

Flare connects the blockchain to external data through two core protocols. The first protocol, called State Connector, allows for the secure and decentralized retrieval and verification of data and upcoming events from outside the network. The second protocol is the Flare Time Series Oracle (Flare Time Series Oracle), which provides external data, such as prices and financial data, to applications and smart contracts on the network without relying on a central authority. FLR tokens are used within the ecosystem to pay transaction fees, secure the network, and participate in governance. These fees also help prevent spam transactions and network flooding attacks.

The circulating supply of tokens is approximately 86.8 billion, while the total supply is approximately 106.2 billion. The network launched with an initial total supply of 100 billion tokens, but the network continues to issue more in the form of rewards.

FLR use cases include payments, storage, transaction fees, voting, and preventing brute-force attacks on the network.

A Flare wallet is where you can securely store Flare. A wallet helps you maintain ownership of your asset as well as enable you to trade, send or receive crypto-assets.

A Flare address is a string of unique characters that is tied to your Flare wallet. The address functions just like a bank account number and it is what you use in order to send Flare from your wallet, or to receive Flare to your wallet.

Besides Flare, you can find over 150 assets available on Rain for you to start trading such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), USDC, Ripple (XRP), DOGE, Tether (USDT), Chainlink (LINK) or BCH. You can explore these options by going to the homepage of your account and scrolling through the available assets. When you are ready to start trading, simply click on the asset of your choice and click Trade.

Price predictions for Flare over the next five years are highly speculative and depend on crypto market conditions, adoption, and broader crypto trends. We encourage you to do your own research and make informed decisions.

Trading Flare may be considered taxable in some countries with varying tax rules, so we recommend checking with your local tax authority or financial advisor for specific guidance.

Flare’s all-time high (ATH) was ⁦₺ 3.8906⁩ on 10 Jan 2023. This represents the highest recorded market price of the asset to date.

We’re always working to expand our listed assets. While we can not provide a specific listing date for Flare just yet, stay tuned for updates by following us on our official social channels like X.

With a market capitalization of 29.44B, Flare is ranked 79 among other crypto assets.

The highest valuation of Flare since its launch was at ⁦₺3.8906⁩, marking its all-time high.

The trading activity of Flare over the last 24 hours was at 216.3M, highlighting its liquidity in the market.

There are approximately 86.87B units of Flare currently in circulation, affecting its market dynamics.

Flare market cap is around 29.44B.

Flare was introduced on 10 Jan 2023.